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Business and Economy

Markets, companies, startups, money, work and the economy.

October 12, 2026 Via X Business and Economy, Nigeria, Notes

Dangote refinery pushes back IPO deadline by two weeks

VIA THE CABLE ON X BREAKING: Dangote refinery extends IPO by two weeks Dangote Group plans to extend the application deadline for the initial public offering (IPO) by two weeks to allow investors in…

October 12, 2026 Nairametrics Business and Economy, Notes

Dangote Refinery moves IPO closing date to October 27

Dangote Petroleum Refinery and Petrochemicals has extended the subscription deadline for its initial public offering (IPO) to October 27, 2026, following regulatory approval. According to Nairametrics, the Securities and Exchange Commission approved the two-week…

October 12, 2026 MarketWatch Business and Economy, Notes

Musk now richer than any American — ever…

Billionaire entrepreneur Elon Musk has reportedly become the wealthiest American in history, with his net worth surpassing $1 trillion following gains in the value of his companies. According to MarketWatch, the surge in shares…

October 12, 2026 The ICIR Business and Economy, Notes, Technology

IMF warns 40% of global workforce could be affected by AI

The International Monetary Fund (IMF) has warned that artificial intelligence (AI) could affect approximately 40 per cent of jobs globally, urging governments to prepare workers for major labour market changes. According to The ICIR,…

October 12, 2026 Rifnote Business and Economy, Notes

‘Africa must stop exporting raw materials’ –Ex-AfDB President Adesina

Former African Development Bank (AfDB) President Akinwumi Adesina has urged African countries to prioritise industrialisation, local manufacturing and technological innovation instead of relying on raw material exports. According to SaharaReporters, Adesina made the call…

October 12, 2026 Vanguard Business and Economy, Notes

Dollar to Naira exchange rate update – October 12, 2026

VIA VANGUARD: The naira’s performance remains important to Nigerians paying tuition abroad, funding travel and importing goods. Here are the latest available figures: Market Buying Selling NFEM (official) ₦1,332.49 ₦1,332.49 Parallel market ₦1,370 ₦1,380…

October 10, 2026 Channels Television Business and Economy, Notes

Nigeria First: FG orders ministries, agencies to buy vehicles from local assemblers

The Federal Government has directed all ministries, departments and agencies (MDAs) to purchase vehicles exclusively from licensed local assemblers or authorised retailers under its Nigeria First Policy. According to Channels Television, the Director-General of…

October 9, 2026 Daily Post Business and Economy, Nigeria, Notes

Petrol discount: NNPCL pump price stays at N1,370

Petrol is still selling at N1,370 per litre at NNPC Limited filling stations, a day after the Federal Government proposed a discounted price of N1,350 per litre, according to Daily Post. A market survey…